- Only 12% of auctions withdrawn
- Cap city clearance rate weakens slightly
- Canberra is the best performer
There were 711 capital city homes scheduled for auction last week, returning a final auction clearance rate of 56.2%. Last week’s clearance rate was lower than the previous week’s 61.3% when volumes were higher (856).
This week and weekend
There are 1,179 capital city auctions being tracked by CoreLogic this week, increasing on the 711 auctions last week. While volumes are expected to be the highest we’ve seen since mid-April, auction activity remains lower than what we would usually see, with 1,505 auctions held over the same week one year ago.
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday. Watch Kevin Brogan’s reports exclusively on Real Estate Talk’s Auction Update and a look inside some of the nation’s most recently sold auction properties.
See all of our shows at Realty.com.au.